Transocean Inc (RIG) Stock Overview

Judith Bessette
Agosto 17, 2017

From the start of year 2017 to present date RIG reported slumped performance of -43.08%. Zacks Investment Research raised shares of Transocean from a "hold" rating to a "buy" rating and set a $9.50 price objective for the company in a research note on Wednesday, August 2nd. Deutsche Bank AG lowered their price target on Transocean from $8.00 to $7.00 and set a "hold" rating on the stock in a research report on Tuesday, April 18th.

Transocean Ltd. (NYSE:RIG)'s stock had its "hold" rating reiterated by investment analysts at Jefferies Group LLC in a research report issued to clients and investors on Tuesday, July 18th. Finally, Barclays PLC boosted their price target on Transocean from $8.00 to $10.00 and gave the company an "underweight" rating in a report on Monday, May 1st. The analyst recommendations from a month ago are 0 Buy, 3 Strong Buy, 2 Sell, 3 Hold and 9. The stock now has an average rating of "Hold" and an average target price of $12.73. According to the above information, we will evaluate the Market Cap of these two stock First, Transocean LTD (NYSE:RIG) has a market capitalization of $3.27 Billion and the Opko Health Inc. Public Employees Retirement Association of Colorado now owns 12,340 shares of the offshore drilling services provider's stock valued at $102,000 after buying an additional 1,394 shares during the period. Evercore ISI's target price suggests a potential upside of 116.35% from the stock's previous close.

The stock of Transocean LTD (NYSE:RIG) hit a new 52-week low and has $7.20 target or 5.00% below today's $7.58 share price.

Transocean Ltd. (RIG) closed -27.56% below its 200-day moving average and is -1.18% below another chart threshold, its 50-day moving average. Transocean has a 1-year low of $7.55 and a 1-year high of $16.66. The most recent short interest data show 16.68% of the company's stock are short sold. Federated Investors Inc. PA purchased a new position in shares of Transocean during the fourth quarter valued at approximately $101,000. State Treasurer State of MI boosted its position in shares of Transocean by 0.4% in the first quarter. Creative Planning increased its stake in Transocean by 3.0% in the first quarter. Mason Street Advisors LLC now owns 53,796 shares of the offshore drilling services provider's stock worth $670,000 after buying an additional 542 shares during the last quarter. Cibc World Markets Corp now owns 40,648 shares of the offshore drilling services provider's stock valued at $506,000 after buying an additional 13,893 shares during the period. Capstone Asset Management Co. raised its position in shares of Transocean by 12.7% in the first quarter. Moreover, Bkd Wealth Advsrs Ltd has 0.03% invested in Transocean LTD (NYSE:RIG) for 14,944 shares.

MBTA names Ramirez general manager, CEO
Brian Shortsleeve followed DePaola before suddenly departing this past July. Ramirez will succeed interim General Manager Steve Poftak on September 12.

He and Transocean CEO Jeremy Thigpen said the combined company would grow and gain market share just as the industry is showing early signs of recovery.

ILLEGAL ACTIVITY WARNING: "Transocean Ltd. (NYSE:RIG) Debt Trading 2.3% Higher" was posted by Chaffey Breeze and is the sole property of of Chaffey Breeze. The company's stock had a trading volume of 45,485,933 shares. If you are accessing this story on another website, it was stolen and republished in violation of United States & worldwide copyright & trademark legislation. The legal version of this piece of content can be viewed at Institutional investors own 69.31% of the company's stock. The Company's primary business is to contract its drilling rigs, related equipment and work crews on a dayrate basis to drill oil and gas wells.

The combined company will possess 51 mobile offshore drilling units following the completion of the transaction, including 30 ultra-deepwater floaters, 11 harsh environment floaters, three deepwater floaters and seven midwater floaters.

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